1), the choice of transaction object

The first stock index futures contract: Shanghai and Shenzhen 300 stock index futures contract (the terms of the contract are subject to the official announcement).

2), contract unit and multiplier

The trading unit of stock index futures is multiplied by the index and multiplier, where the multiplier is a predetermined constant. At a certain exponential level, the size of the multiplier determines the size of the contract. The contract unit of CSI 300 index futures is the quotation point of CSI 300 index futures multiplied by the contract multiplier. The contract multiplier refers to the RMB amount corresponding to each index point. At present, the contract multiplier is tentatively set as 300 yuan/point. If the stock index futures were quoted at 1400 points, then the contract value of the Shanghai and Shenzhen 300 index futures was 1400 points * 300 yuan/point = 420,000 yuan.

3), the contract delivery month

There are two delivery months: March, June, September, 12, four-month contracts, mainly in recent months, plus forward quarterly Shanghai and Shenzhen 300 index futures. They are monthly contracts for the current month, the next month and the next two quarters. If the month of the current month is July, then the contract of next month is August, and the contract of quarterly month is September and 65438+February. Expressed as IF0607, IF0608, IF0609 and IF06 12. Where IF is the contract code, 06 means 2006, and 07 means July contract.